If you want to be a "capitalist" and live off the income your money produces, you need a lot of money.Many people do exactly what Brian Mathews is saying.

I am reminded of two investors who thought they were buying large cash flow producers.

A good letter to these three owners could produce some solid deals.

This means you have to produce a prospectus and subscription documents with all the terms and conditions spelled out.

Flipping options requires attention on your part to produce the income, that means, subject to UBIT.

My question is basic to most real estate, but I don't know the answer.If they've got it listed with a realtor, can I walk in my friends' house, present my offer, produce a contract, and be legal in it?

With $5k down and owner financing, if your rent is better than all your costs thus producing cash flow, buy it, ride out what could be a few years of appreciation then dump, or keep as a long term hold.

And, if the RE guy flips the property and moves on to the next on, that is better and may serve as a construction company, but the rehab guys usually don't work as often or produce the benefits of a factory assembly line.All said, RE is on the bottom of rungs of the ladder in a way as investors tend to go with RE cycles, seasonal work, inventory fluctuations, it's just never been a steady employer like a drug store or lumber yard or small factory.

Anyways, in scanning the inventory of parking spots in Boston it appears that a few spots could produce a small cash flow.

The buyer must produce some form of unencumbered personal assets to guarantee the loan amount.